that's the argument boehner's having with the president of the united states. the president wants higher taxes, boehner would like less spending. >> woodruff: well, i'm sure you know, a number of economists talk about the importance of a balanced approach. it was what was in the bowles simpson commission report. but let me ask you about not only the exit polls on election day but poll after poll since the election shows distinct majority of elections say they believe it's the right thing to raise taxes on income over $250,000 a year if that's what it takes to deal with the deficit. why are those people wrong? >> well, the actual exit poll, the question of should we raise taxes to reduce the deficit on election day, was 63% no. so people said no to raising taxes to reduce the deficit. why? well, if you look ator polls over the course of years, 75% of the american people understand that if you start a conversation with "we're going to raise taxes on the rich" it ends with raising taxes on everyone, like the a.m.t., the alternative minimum tax is supposed to hit 1